RDVI
FT Vest Rising Dividend Achievers Target Income ETF
RDVI seeks a target level of current income and capital appreciation by holding a portfolio of dividend-paying US equities, while utilizing a naked call writing strategy on the S&P 500 Index or related ETF. The fund is actively managed.
Risk Management
DERIVATIVES
Active
MANAGEMENT STYLE
1.2 B
ASSETS UNDER MGMT
75 bp
EXPENSES
Fund Basics
| Fund sponsor | |
| Category | Risk Management |
| Asset class | Derivatives |
| Website | link... |
| Inception date | Oct 19, 2022 |
| Assets (mns) | $1,261 |
| Expense ratio | 75 bp |
Fund Structure
| Regulation | |
| Distributions | |
| Taxation | 1099 |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Asset Allocation
Historical Performance
Standardized Performance (as of 04/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -5.4% | -0.8% | 3.3% | -- | -- | -- | -- | 6.3% |
| Dividend Yield | 0.0% | 4.4% | 7.1% | -- | -- | -- | -- | 7.7% |
| Total Returns | -5.4% | 3.6% | 10.3% | -- | -- | -- | -- | 14.0% | Ann. Volatility | 27.4% | 20.5% | 17.5% | -- | -- | -- | -- | 18.3% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.04 | 61% |
| MSCI EAFE | 0.79 | 36% |
| MSCI Emg Mkts | 0.52 | 8% |
Liquidity Measures
| Avg. volume (000) | 710 |
| ADV traded (mns) | $17 |
| Turnover | 1.4% |
| Avg. Bid/Ask (% of price) | 0.04% |
Technical Indicators
| Recent close | $23.26 |
| 30d moving avg. | $22.88 |
| Annualized volatility | 16.2% |
| Relative strength (RSI) | 47 |
| Short interest | 0.1% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Expense Analysis
| Peer Group | Active Risk Management Derivatives ETFs |
| # of ETFs | 109 |
| Avg. Expense Ratio | 85.0 bp |
| Std. Deviation | 17 bp |
| RDVI (75 bp) Percentile rank | 25 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| RDVI | 75.0 | 4.2 | 79.2 |
| Peer Avg. | 90.6 | 32.1 | 122.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .